The Defiant

Ajna Unlocks Defi

Sponsored

Next gen lending and borrowing protocol creates unlimited possible markets while reducing systemic risk

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Ajna Unlocks Defi [Sponsored]

The Ajna Protocol is a non-custodial, permissionless lending and borrowing system. Ajna expands the universe of accepted collateral tokens in DeFi, letting users instantly borrow against almost any fungible token, NFT, or NFT subset. Lending options are expanded as well, enabling users to lend any fungible ERC-20 tokens. The protocol consists of asset pair pools and offers unique features including perpetual loans, permissionless pair creation, and immutability amongst other things. With Ajna, any market can be created at a moment's notice. No bureaucracy, no hassle, no waiting.

Ajna's mission is to improve DeFi lending and borrowing protocols by giving users a truly decentralized system with more options and less systemic risk. The protocol embodies the original DeFi ideals so many of us once hoped for. Taking inspiration from Uniswap V1, the protocol was built to be a highly useful defi primitive that wouldn't create an unstable dependency for anyone building on top. It will exist forever, without interruption; an integrator's dream.

Code quality and security was a top priority. Six security audits were conducted by five industry-leading audit firms & platforms Sherlock, Trail of Bits, Quantstamp, Prototech Labs, and Code4arena.

The protocol launched on Ethereum mainnet in mid-July, with other network launches planned in the coming months. Ajna can be accessed through third party applications like Summer.Fi for curated pools and soon others that will feature expanded functionality. Defi has been unlocked, the world of borrowing and lending is yours.

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